Performance Food Group (NYSE:PFGC) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Performance Food Group (NYSE:PFGC) released its quarterly earnings results on Wednesday. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03, FiscalAI reports. The business had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS.

Here are the key takeaways from Performance Food Group’s conference call:

• PFG reported solid quarter with total net sales up 6.4%, company cases +4.4%, adjusted EBITDA +6.6% to $410.6M, and independent restaurant cases accelerating to +6.5%, which management says demonstrates momentum into FY2027.
• The Convenience segment (Core‑Mark) was a standout with 8.3% organic case growth, 8.7% revenue growth and an impressive reported adjusted EBITDA performance (~34%), driven by onboarding of Love’s and RaceTrac and strong execution.
• Near‑term profitability was pressured by investments and transition costs at Cheney (new Florence, SC facility) and related double‑staffing during cutovers, contributing to a year‑over‑year net income decline of 28.5% (to $41.7M) and elevated expenses that will carry into Q4.
• Cash generation is strong — >$1.0B operating cash flow in first nine months and $806M free cash flow — allowing continued CapEx for growth, opportunistic buybacks, debt reduction priority, and a continued M&A pipeline.
• Management tightened FY2026 guidance (sales now $67.7B–$68.0B; adjusted EBITDA $1.90B–$1.93B) and reiterated the FY2028 targets ($73B–$75B sales; $2.3B–$2.5B adjusted EBITDA), signaling confidence in medium‑term execution despite near‑term headwinds (fuel and transition costs).

Performance Food Group Stock Performance

Shares of PFGC stock traded up $0.54 during trading on Friday, hitting $93.25. The company’s stock had a trading volume of 2,458,014 shares, compared to its average volume of 1,983,659. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The company has a market cap of $14.65 billion, a PE ratio of 44.41, a P/E/G ratio of 1.46 and a beta of 0.92. The business has a fifty day moving average of $88.27 and a 200-day moving average of $92.46. Performance Food Group has a 52 week low of $80.82 and a 52 week high of $109.05.

Insider Buying and Selling

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total value of $169,611.29. Following the transaction, the insider owned 6,601 shares of the company’s stock, valued at approximately $607,490.03. The trade was a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Performance Food Group

Hedge funds have recently made changes to their positions in the business. Compound Planning Inc. increased its holdings in Performance Food Group by 8.5% during the fourth quarter. Compound Planning Inc. now owns 4,228 shares of the food distribution company’s stock worth $380,000 after buying an additional 332 shares during the last quarter. XTX Topco Ltd grew its position in shares of Performance Food Group by 219.6% during the 4th quarter. XTX Topco Ltd now owns 28,691 shares of the food distribution company’s stock valued at $2,580,000 after acquiring an additional 19,715 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Performance Food Group during the 4th quarter valued at approximately $2,802,000. Twinbeech Capital LP purchased a new stake in shares of Performance Food Group during the 4th quarter worth approximately $558,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Performance Food Group during the 4th quarter worth approximately $2,524,000. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a research report on Thursday. UBS Group lowered their price target on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Morgan Stanley cut their price objective on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.